Stockholders' Equity

9 Months Ended

Sep. 30, 2012

Stockholders' Equity

NOTE F - Stockholders’ Equity

Comprehensive Income

The components of comprehensive income, net of any related tax, were as follows:

	Three Months Ended						Nine Months Ended
	September 30						September 30
	2012			2011			2012			2011
Net income	$	233.6		$	281.6		$	858.1		$	714.6
Other comprehensive income:
Currency translation gains (losses)		73.9			(267.0	)		46.6			(82.3	)
Derivative contracts decrease		(2.4	)		(15.2	)		(6.9	)		(6.8	)
Marketable securities increase		.8			2.5			2.7			4.2
Employee benefit plans increase		3.0			9.3			16.0			12.6
Net other comprehensive income (loss)		75.3			(270.4	)		58.4			(72.3	)
Comprehensive income	$	308.9		$	11.2		$	916.5		$	642.3

In the three and nine months ended September 30, 2012 and 2011, currency translation losses are primarily due to changes in the value of the euro compared to the U.S. dollar.

Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss was comprised of the following:

	September 30			December 31
	2012			2011
Currency translation adjustment	$	321.1		$	274.5
Net unrealized loss on derivative contracts		(28.9	)		(22.0	)
Net unrealized gain on investments		9.3			6.6
Employee benefit plans		(462.1	)		(478.1	)
Total accumulated other comprehensive loss	$	(160.6	)	$	(219.0	)

Stock Compensation Plans

Stock-based compensation expense was $2.6 and $11.0 for the three and nine months ended September 30, 2012, respectively, and $2.6 and $11.1 for the three and nine months ended September 30, 2011, respectively. Realized tax benefits related to the excess of deductible amounts over expense recognized amounted to nil and $.8 for the three and nine months ended September 30, 2012, respectively, and nil and $.7 for the three and nine months ended September 30, 2011, respectively, and have been classified as a financing cash flow.

During the first three quarters of 2012, the Company issued 447,002 common shares under deferred and stock compensation arrangements.